Mark Sagoff

Price, Principle, and the Environment (eBook, PDF)

• Format: PDF

Produktbeschreibung

Mark Sagoff has written an engaging and provocative book about the contribution economics can make to environmental policy. Sagoff argues that economics can be helpful in designing institutions and processes through which people can settle environmental disputes. However, he contends that economic analysis fails completely when it attempts to attach value to environmental goods. It fails because preference-satisfaction has no relation to any good. Economic valuation lacks data because preferences cannot be observed. Willingness to pay is benchmarked on market price and thus may reflect producer cost not consumer benefit. Moreover, economists cannot second-guess market outcomes because they have no better information than market participants. Mark Sagoff's conclusion is that environmental policy turns on principles that are best identified and applied through political processes. Written with verve and fluency, this book will be eagerly sought out by students and professionals in environmental policy as well as informed general readers.

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Produktdetails

• Verlag: Cambridge University Press
• Erscheinungstermin: 6. September 2004
• Englisch
• ISBN-13: 9780511227653
• Artikelnr.: 38206169

Autorenporträt

Mark Sagoff is Senior Research Scholar at the Institute for Philosophy and Public Policy, University of Maryland, College Park.

Inhaltsangabe

1. Zuckerman's dilemma: an introduction
2. At the monument to General Meade
3. Should preferences count?
4. Value in use and in exchange
5. The philosophical common sense of pollution
6. On the value of wild ecosystems
7. Carrying capacity and ecological economics
8. Cows are better than condos
9. The view from Quincy library.